Urea Formaldehyde Foam Insulation or UFFI continues to present a problem for both Buyers and Sellers.
The off-gasses are long since gone, but the stigma remains. Essentially, Buyers want a discount and lenders are reluctant to finance properties.
Two steps are available to Sellers:
- Remove it,
- Discount the Price.
Brian Madigan LL.B., Broker